2017-05-12T16:56:35-05:00 2016-06-30 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 021293742 990 2015-07-01 043233283 GARDEN STREET APARTMENTS INC GARD 6174411800 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 BRUCE L BIRD PRESIDENT & CEO 6174411800 2017-05-12 1 LYNNE JOHNSON P00757336 6179129000 2015 2021-01-29 14:40:06Z BRUCE L BIRD 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 72915 0 X WWW.VINFEN.ORG X 1994 MA TO PROVIDE LOW-INCOME DISABLED INDIVIDUALS WITH HOUSING IN A SPECIALLY DESIGNED ENVIRONMENT TO MEET THEIR NEEDS AND PROMOTE HEALTH, HAPPINESS AND SECURITY ON A NON-PROFIT BASIS SUFFICIENT TO MAINTAIN AND OPERATE THE HOME. 3 2 0 2 0 0 0 0 72480 72480 181 48 0 387 72661 72915 0 0 0 0 0 0 0 0 0 122270 112682 122270 112682 -49609 -39767 971932 982606 892745 943186 79187 39420 TO PROVIDE LOW-INCOME DISABLED INDIVIDUALS WITH HOUSING IN A SPECIALLY DESIGNED ENVIRONMENT TO MEET THEIR NEEDS AND PROMOTE HEALTH, HAPPINESS AND SECURITY ON A NON-PROFIT BASIS SUFFICIENT TO MAINTAIN AND OPERATE THE HOME. 0 0 69783 72480 TO PROVIDE LOW-INCOME DISABLED INDIVIDUALS WITH HOUSING IN A SPECIALLY DESIGNED ENVIRONMENT TO MEET THEIR NEEDS AND PROMOTE HEALTH, HAPPINESS AND SECURITY ON A NON-PROFIT BASIS SUFFICIENT TO MAINTAIN AND OPERATE THE HOME. 69783 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 9 0 1 0 0 0 0 0 0 0 0 0 0 0 X 3 2 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X RICHARD SULLIVAN TREASURER & CFO 6174411800 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 PHILIP A MASON DIRECTOR 0.10 2.00 X X 0 0 0 JAMES E EARLEY DIRECTOR & V.P. 0.10 1.00 X X 0 0 0 BRUCE L BIRD PRESIDENT & DIRECTOR 0.50 39.50 X X 0 375353 27014 RICHARD F SULLIVAN TREASURER & CLERK (FROM MARCH 2016) 0.50 39.50 X 0 0 0 ELIZABETH K GLASER TREAS.& ASST.CLERK (THRU MARCH 2016) 0.50 39.50 X 0 318887 14832 GLEN P MATTERA DIRECTOR & TREASURER (THRU MAY 2015) 0.00 0.00 X 0 127588 3877 0 821828 45723 0 1 1 0 0 RENT REVENUE 531110 38311 38311 TENANT ASSISTANCE PAYM 532000 34169 34169 72480 48 48 LAUNDRY RECEIPTS 532000 387 387 387 72915 72480 0 435 6948 6948 1456 1456 34495 34495 1202 1202 14820 14820 23143 23143 3071 3071 REPAIRS & MAINTENANCE 27547 27547 112682 69783 42899 0 28593 51229 184374 190643 1663 510 97 0 793672 53448 757205 740224 0 0 971932 982606 88065 138292 2180 2394 802500 802500 892745 943186 X 79187 39420 79187 39420 971932 982606 -39767 0 X 0 1 X 1 1 1 X 35606 37645 28386 0 0 101637 35606 37645 28386 101637 101637 96 414 57 181 48 796 519 520 387 1426 103859 243030 0.97860 0.98380 X 0 1 X 158832 158832 634840 53448 581392 740224 X 72915 0 72915 0 72915 112682 0 112682 0 112682 PART IV, LINE 2B: TENANT SECURITY DEPOSITS TOTALING $2,394 WERE HELD IN ESCROW ACCOUNTS. PART X, LINE 2: GARDEN STREET APARTMENTS ("GSA") IS QUALIFIED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. GSA IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON UNRELATED INCOME, IF ANY. GSA FOLLOWS THE FASB GUIDANCE, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES BY PRESCRIBING THE RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUTNING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. MANAGEMENT BELIEVES THAT GSA HAS NO MATERIAL UNCERTAINTIES IN INCOME TAXES. WITH FEW EXCEPTIONS, GSA IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY U.S., FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR FISCAL YEARS BEFORE 2013. GSA WILL ACCOUNT FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, AS PART OF OPERATING EXPENSES. 0 0 0 0 0 0 0 0 0 BRUCE L BIRD PRESIDENT & DIRECTOR 0 352307 0 0 0 23046 0 6900 0 20114 0 402367 0 0 ELIZABETH K GLASER TREAS.& ASST.CLERK (THRU MARCH 2016) 0 300750 0 0 0 18137 0 4840 0 9992 0 333719 0 0 GLEN P MATTERA DIRECTOR & TREASURER (THRU MAY 2015) 0 127082 0 0 0 506 0 3877 0 0 0 131465 0 0 PART I, LINE 3 THE OFFICERS AND KEY EMPLOYEES ARE COMPENSATED BY VINFEN CORPORATION, A CONTROLLING ORGANIZATION. THE BOARD OF DIRECTORS OF VINFEN CORPORATION AND AFFILIATES PERIODICALLY ENGAGES THE SERVICES OF AN OUTSIDE COMPENSATION AND BENEFITS CONSULTANT TO DETERMINE THE COMPETITIVENESS OF THE TOTAL COMPENSATION PAID TO CORPORATE OFFICERS AND KEY EMPLOYEES. THE COMPENSATION COMMITTEE OF THE BOARD USES COMPARABLE COMPENSATION DATA TO DETERMINE THE COMPENSATION FOR THE OFFICERS AND KEY EMPLOYEES PERIODICALLY WITH CONTEMPORANEOUS DOCUMENTATION. RECORDKEEPING OF ALL COMPENSATION DECISIONS EXIST, IN THE FORM OF PERSONNEL ACTION FORMS FOR EVERY COMPENSATION ACTION AFFECTING POSITIONS AT VINFEN CORPORATION. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY VINFEN FINANCE STAFF AND REVIEWED BY ITS CONTROLLER AND CHIEF FINANCIAL OFFICER. ALL DIRECTORS ARE PROVIDED A COPY AND GIVEN AN OPPORTUNITY TO RESPOND PRIOR TO SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C VINFEN CORPORATION DISTRIBUTES THE CONFLICT OF INTEREST POLICY AND DISCLOSURE ANNUALLY OR BI-ANNUALLY TO DIRECTORS, OFFICERS, AND KEY EMPLOYEES AND REVIEWS THE RESPONSES FOR POTENTIAL CONFLICTS. THE CONFLICT OF INTEREST POLICY COVERS ALL DIRECTORS OF VINFEN CORPORATION AND ITS AFFILIATED ENTITIES, AS WELL AS THE SENIOR MANAGEMENT (THE INTERDEPARTMENTAL COUNCIL OR "IDC") AT VINFEN CORPORATION AND AFFILIATES. THE GENERAL COUNCIL REVIEWS THE DISCLOSURE FORMS TO DETERMINE WHICH DIRECTORS OR IDC MEMBERS HAVE DISCLOSED A POTENTIAL CONFLICT. FOR POTENTIAL BOARD CONFLICTS, THE CHAIRPERSON OF THE BOARD OF DIRECTORS APPOINTS A COMMITTEE OF DIRECTORS (WITH NO REPORTABLE CONFLICTS) TO REVIEW THE DETAILS OF ANY REPORTED POTENTIAL CONFLICT AND/OR PROPOSED BUSINESS TRANSACTIONS. THE COMMITTEE THEN MAKES A RECOMMENDATION FOR APPROVAL BY THE FULL BOARD, WHICH IS VOTED ON ONLY BY THOSE DIRECTORS WITH NO REPORTABLE TRANSACTIONS. FOR POTENTIAL CONFLICTS BY IDC MEMBERS, THE CEO APPOINTS A COMMITTEE OF IDC MEMBERS (WITH NO REPORTABLE CONFLICTS) TO REVIEW THE DETAILS OF ANY REPORTED POTENTIAL CONFLICTS AND PROPOSED BUSINESS TRANSACTIONS. THE COMMITTEE THEN MAKES A RECOMMENDATION FOR APPROVAL BY THE EXECUTIVE TEAM, WHICH IS VOTED ON ONLY BY THOSE EXECUTIVE TEAM MEMBERS WITH NO REPORTABLE TRANSACTIONS. FORM 990, PART VI, SECTION C, LINE 19 VINFEN CORPORATION AND AFFILIATES MAKE THEIR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST, BY PAPER OR E-MAIL, FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). THE FORM 990 WITHOUT SCHEDULE B IS AVAILABLE VIA GUIDESTAR AND THE OFFICE OF THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. VINFEN CORPORATION OF FOREST INC 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 300162656 LOW INCOME HOUSING MA 501(C)(3) LINE 9 VINFEN CORPORATION 0 TRAVIS CORPORATION 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 043002220 OUTPATIENT CLINIC MA 501(C)(3) LINE 9 VINFEN CORPORATION 0 VINFEN CORPORATION OF CONNECTICUT INC 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 061569439 HUMAN SERVICES CT 501(C)(3) LINE 9 VINFEN CORPORATION 0 VINFEN CORPORATION OF LARCHMONT INC 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 043546321 LOW INCOME HOUSING MA 501(C)(3) LINE 9 VINFEN CORPORATION 0 VINFEN CORPORATION 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 042632219 HUMAN SERVICES MA 501(C)(3) LINE 9 N/A 0 VINFEN CORPORATION OF PLAIN INC 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 300162655 LOW INCOME HOUSING MA 501(C)(3) LINE 9 VINFEN CORPORATION 0 WESTLAND COMMUNITY HOUSING CORPORATION 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 311758843 LOW INCOME HOUSING MA 501(C)(3) LINE 9 VINFEN CORPORATION 0 MERRIMACK HOUSING CORPORATION 950 CAMBRIDGE STREET CAMBRIDGE MA 02141 223215740 LOW INCOME HOUSING MA 501(C)(3) LINE 9 VINFEN CORPORATION 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0